CarGurus Inc (NASDAQ:CARG) Director Anastasios Parafestas sold 15,206 shares of the firm’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $35.62, for a total value of $541,637.72.

Anastasios Parafestas also recently made the following trade(s):

  • On Monday, September 16th, Anastasios Parafestas sold 12,977 shares of CarGurus stock. The shares were sold at an average price of $35.55, for a total value of $461,332.35.
  • On Tuesday, September 10th, Anastasios Parafestas sold 20,000 shares of CarGurus stock. The shares were sold at an average price of $34.20, for a total value of $684,000.00.
  • On Friday, September 6th, Anastasios Parafestas sold 20,000 shares of CarGurus stock. The stock was sold at an average price of $33.21, for a total value of $664,200.00.
  • On Wednesday, September 4th, Anastasios Parafestas sold 6,283 shares of CarGurus stock. The stock was sold at an average price of $32.18, for a total value of $202,186.94.
  • On Wednesday, August 28th, Anastasios Parafestas sold 20,000 shares of CarGurus stock. The stock was sold at an average price of $31.93, for a total value of $638,600.00.
  • On Friday, August 30th, Anastasios Parafestas sold 35,000 shares of CarGurus stock. The stock was sold at an average price of $32.58, for a total value of $1,140,300.00.
  • On Monday, August 26th, Anastasios Parafestas sold 13,098 shares of CarGurus stock. The stock was sold at an average price of $31.79, for a total value of $416,385.42.
  • On Thursday, August 22nd, Anastasios Parafestas sold 35,000 shares of CarGurus stock. The stock was sold at an average price of $32.23, for a total value of $1,128,050.00.
  • On Monday, August 19th, Anastasios Parafestas sold 10,000 shares of CarGurus stock. The stock was sold at an average price of $31.82, for a total value of $318,200.00.
  • On Friday, August 16th, Anastasios Parafestas sold 20,000 shares of CarGurus stock. The stock was sold at an average price of $31.12, for a total value of $622,400.00.

Shares of NASDAQ CARG opened at $33.13 on Thursday. The company has a quick ratio of 2.68, a current ratio of 2.68 and a debt-to-equity ratio of 0.23. The firm’s 50-day moving average price is $33.23 and its two-hundred day moving average price is $36.56. CarGurus Inc has a 52-week low of $30.22 and a 52-week high of $57.25. The stock has a market capitalization of $4.57 billion, a P/E ratio of 115.17, a P/E/G ratio of 3.40 and a beta of 1.88.

CarGurus (NASDAQ:CARG) last issued its earnings results on Tuesday, August 6th. The company reported $0.10 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.07 by $0.03. CarGurus had a net margin of 8.22% and a return on equity of 17.12%. The firm had revenue of $145.03 million for the quarter, compared to analysts’ expectations of $140.67 million. During the same quarter last year, the company posted $0.06 earnings per share. CarGurus’s revenue was up 31.5% on a year-over-year basis. As a group, equities research analysts expect that CarGurus Inc will post 0.28 earnings per share for the current year.

A number of equities analysts recently commented on the company. Needham & Company LLC assumed coverage on CarGurus in a research note on Thursday, September 12th. They issued a “hold” rating for the company. JMP Securities decreased their price target on CarGurus to $50.00 and set an “outperform” rating for the company in a research note on Wednesday, August 7th. SunTrust Banks reiterated a “buy” rating and issued a $54.00 price target on shares of CarGurus in a research note on Wednesday, June 12th. Consumer Edge assumed coverage on CarGurus in a research note on Friday, August 2nd. They issued an “overweight” rating for the company. Finally, ValuEngine upgraded CarGurus from a “hold” rating to a “buy” rating in a research note on Tuesday, August 6th. Three research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $48.42.

A number of hedge funds and other institutional investors have recently modified their holdings of CARG. BlackRock Inc. lifted its holdings in CarGurus by 46.1% in the second quarter. BlackRock Inc. now owns 5,176,925 shares of the company’s stock worth $186,939,000 after acquiring an additional 1,632,759 shares during the last quarter. HMI Capital LLC bought a new position in CarGurus in the second quarter worth about $45,149,000. Nuveen Asset Management LLC bought a new position in CarGurus in the second quarter worth about $26,835,000. Vanguard Group Inc. lifted its holdings in CarGurus by 10.1% in the second quarter. Vanguard Group Inc. now owns 5,585,376 shares of the company’s stock worth $201,687,000 after acquiring an additional 512,647 shares during the last quarter. Finally, Wells Fargo & Company MN raised its holdings in shares of CarGurus by 93.4% during the second quarter. Wells Fargo & Company MN now owns 891,158 shares of the company’s stock valued at $32,179,000 after buying an additional 430,302 shares during the last quarter. 66.19% of the stock is currently owned by hedge funds and other institutional investors.

CarGurus Company Profile

CarGurus, Inc operates an online automotive marketplace connecting buyers and sellers of new and used cars in the United States, Canada, the United Kingdom, Germany, Italy, and Spain. The company provides consumers an online automotive marketplace where they can search for new and used car listings from its dealers, as well as sell their car in the United States marketplace.

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